Liberal zoning allows for almost all uses. Shopping center, 260 unit apartment building, major retail chain and much more. City pre-approved for 60,000 sf retail shopping center. Land cost 8.5mil, total construction cost 7.7mil, when leased and stabilized at $32 a foot, property will be netting 1.7mil per year, making this property worth over 27.5mil at today's capitalization rate. After all costs, make a true $9,950,000 profit. Plus meet current city master plan and can easily get approved.
